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Ukrainian president Volodmyr Zelenskyy has described his eventful relationship with Donald Trump as “emotional”. The US president has all-but demolished his alliance with Ukraine in recent weeks by unveiling a sanctions-busting diesel deal with Russia, effectively giving Vladimir Putin’s war machine a boost. The move unpicked years of united Western efforts to punish Putin for…
In recent years, shifting client needs and expectations have led to a more proactive legacy market focused on broader strategic uses, and as acquirers, brokers and advisers work to secure repeat and new business, establishing trust and partnership is vital, according to market experts. Last month, Reinsurance News, in partnership with run-off specialist RiverStone International,…
A group of industry players are collaborating to develop a dedicated data centre insurance facility in Singapore to address the Asia-Pacific region’s rapidly expanding digital infrastructure risks. Announced by Chee Hong Tat, Minister for National Development, and Deputy Chairman of the Monetary Authority of Singapore, at the Singapore International Reinsurance Conference (SIRC), the initiative brings…
The Ardonagh Group, a large independent insurance distribution platform, has announced the appointment of Mallory Motley as Head of International Placement. Motley will work as part of the firm’s Group Placement team, led by Ron Hayes, and play a key role in advancing Ardonagh’s approach to international markets. She will work with businesses across the…
PwC’s Q3 2026 review has revealed that 10 non-life run-off transactions were publicly disclosed during the quarter, involving six different acquirers and representing approximately $2.6 billion in gross liabilities, marking a significant increase in transaction value following a quieter first half of the year, when 15 deals involving approximately $849 million in liabilities were announced….
The Fidelis Partnership (TFP), a global specialty insurance and reinsurance underwriting business, has outlined plans to establish a new Lloyd’s service company in Singapore, expanding its presence in the Asia-Pacific insurance market. The proposed entity, The Fidelis Partnership APAC (TFP APAC), is scheduled to commence underwriting on 1 January 2027, pending regulatory approval. The initiative…
The Fidelis Partnership (TFP), a global specialty insurance and reinsurance underwriting business, has outlined plans to establish a new Lloyd’s service company in Singapore, expanding its presence in the Asia-Pacific insurance market. The proposed entity, The Fidelis Partnership APAC (TFP APAC), is scheduled to commence underwriting on 1 January 2027, pending regulatory approval. The initiative…
Cayman Islands-domiciled Greenlight Capital Re, Ltd., a provider of multiline property and casualty insurance and reinsurance, has reported a rise in net income to $3.2 million for Q3’26 compared to a net loss of $4.4 million in Q3’25. As net income rebounded in the quarter, for the first nine months of 2026, net income dropped…
Richard Osman is definitely not here for people taking issue with how the winners of this year’s Celebrity Traitors chose to donate their prize pot. During the latest episode of the podcast The Rest Is Entertainment, he and his co-host Marina Hyde weighed in on what she described as the “Traitors culture wars”. For those…
Bermuda-based RenaissanceRe, a global provider of reinsurance and insurance solutions, has appointed Nicole Valadao as Senior Vice President, Global Head of Reinsurance Operations, following nearly a decade leading the company’s Internal Audit function. In her new role, Valadao will work alongside RenaissanceRe’s Reinsurance Operations team and Business Solutions Group, focusing on developing existing operational capabilities…